Bitcoin: $61K Support Holds on Bullish Divergence
Bitcoin trades at $63117 with $61K support eyed as higher-timeframe bullish divergences outweigh MACD death cross signals on the 4h chart.
SourceAnalysis
Bitcoin shows no structural shift despite conflicting divergences, with BTC price action favoring the bullish side given matching signals on higher timeframes.
Traders expect the $61K zone to act as firm support and trigger an upside reversal within days rather than risk deeper downside.
On the 4h chart Bitcoin sits at $63117.12 inside the Bollinger Bands, pressing toward upper resistance at $63777 while the 50-EMA at $61782.53 lines up near the $61K level as primary support; the neutral RSI at 60.41 leaves room for continuation, yet the MACD death cross at 609.38 warns of near-term momentum loss, creating a classic confluence where a quick test of the 50-EMA before any sustained push higher remains the base case for institutional desks watching BTC price prediction models.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast